Rising Nonferrous Metals Share

What Rising Nonferrous Metals Share does

Rising Nonferrous Metals Share (广晟有色金属股份有限公司; SH 600259) is a large Chinese state-controlled listed company operating across the full non-ferrous metals value chain, with a strategic focus on rare earth and tungsten resources. The company controls all three rare earth mining permits in Guangdong Province — including the Xinfeng mine, China's largest ion-type rare earth deposit — and operates four smelting/separation plants with 14,000 tons/year of capacity (the largest in South China). Its four reportable segments are: (1) Rare Earth (mining, smelting/separation, alloy and NdFeB magnet production via the Shengyuan 8,000-ton project and a joint venture with Fortune 500 TDK Corporation); (2) Tungsten (mining across four Guangdong mines, including the Hongling open-pit mine with 64,000 tons of verified resources); (3) Copper-Sulfur (minority stake in the Dabaoshan complex, the largest copper-sulfur operation in South China and largest tungsten comprehensive recovery plant in Guangdong Province); and (4) Trading (40+ years of import/export history through a wholly-owned trade subsidiary and national strategic metal reserve qualifications).

The business model is anchored on commodity hardware sales of rare earth oxides/metals, tungsten concentrates, and copper products to industrial manufacturers, complemented by transaction-based trading and government-backed strategic procurement. Pricing is commodity-linked and not publicly disclosed. The company sells to manufacturers of EV motors, wind turbine generators, industrial motors, consumer electronics, and defense applications — including a JV with TDK for high-performance sintered NdFeB magnets and disclosed supply into AVIC military drone programs. Core proprietary technologies include ion-adsorption rare earth extraction, zero-emission treatment of smelting wastewater, organic-acid-based leaching to replace inorganic acids, north-south ore joint separation, and high-purity extraction methods for europium, lanthanum oxide, and cerium dioxide; the IP portfolio comprises 191 authorized patents with 14 provincial R&D platforms and 13 high-tech enterprise certifications among subsidiaries.

On January 2024, following State Council SASAC approval, control of Rising Nonferrous was transferred from provincial SOE Guangdong Rising Assets / Guangdong Rare Earth Group to central SOE China Rare Earth Group, making it a centrally-controlled listed entity. The company employs over 1,400 staff across 16 wholly-owned and controlled subsidiaries, and reported FY2023 revenue of approximately 20.8 billion CNY with net profit attributable to parent of approximately 203 million CNY — a year of declining revenue (-9.01% YoY) and profit (-12.45% YoY) against an otherwise strong multi-year growth arc from ~10.2B CNY in 2020.

Name

Rising Nonferrous Metals Share

Legal name

广晟有色金属股份有限公司

Website

https://gsysgf.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rising Nonferrous Metals Share (SH 600259) is a Chinese central-SOE-controlled listed company mining, smelting, and processing rare earth, tungsten, copper-sulfur, and trading nonferrous metals, primarily in Guangdong Province. It supplies industrial manufacturers across EVs, renewable energy, electronics, and defense, with vertically integrated NdFeB magnet production.

Ownership category

akta.pro rank

Product category

Rare Earth and Nonferrous Metals Mining

NAICS

Other Metal Ore Mining (212290), Nonferrous Metal (except Aluminum) Smelting and Refining (331410), Nonferrous Metal (except Aluminum) Production and Processing (3314)

SIC

Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330), Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Rare Earths Separation & Refining (Oxides/Metals) (IMAKAFAH)

akta.pro secondary industries

Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG), Battery & Critical Minerals Trading (Lithium, Cobalt, Graphite, Manganese, Rare Earths) (IMAKAJAE), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH)

Keywords

• Rare earth mining
• Tungsten mining
• Nonferrous metals processing
• NdFeB magnet production
• Strategic metals trading

Headquarters

HQ city

Guangzhou

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Rare Earth Business: Mining, smelting, separation and trading of rare earth products including ion-adsorption rare earth ores and oxides. The company controls all 3 rare earth mining permits in Guangdong Province and operates 4 smelting/separation plants.
2. Tungsten Business: Mining and processing of tungsten ores through 2 controlled and 2 minority-held tungsten mining companies in Guangdong Province, including the Hongling tungsten mine with 64,000 tons of tungsten resources.
3. Copper-Sulfur Business: Stake in Dabao Shan Mine with the largest copper-sulfur mining and processing operation in South China and largest tungsten comprehensive recovery plant in Guangdong Province.
4. Trading Business: High-quality trade operations promoting core business, with 40+ years of import/export history, strong risk management system, and strategic metal reserve qualifications.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Rising Nonferrous Metals Share is a state-controlled, Shanghai-listed company engaged in the mining, smelting, separation, deep processing, and trading of rare earth, tungsten, copper-sulfur, and related nonferrous metal products. Its core rare earth operations span ionic rare earth mining in Guangdong Province (holding all 3 provincial mining permits), 4 smelting/separation plants, rare earth alloy production, and NdFeB permanent magnet manufacturing through a TDK joint venture and the Shengyuan 8,000-ton NdFeB project. Supplementary business lines include tungsten mining (4 controlled/minority-held mines), copper-sulfur mining (Dabao Shan stake), and strategic-metals import/export trading.

Product overview

Guangsheng Nonferrous Metals Co., Ltd. (广晟有色金属股份有限公司) operates as a large state-controlled listed company specializing in rare earth and tungsten resources. The company operates four main business segments: Rare Earth (mining, smelting, separation, and NdFeB magnet production), Tungsten (mining), Copper-Sulfur (mining), and Trading. The rare earth segment is the core business, supported by a complete industrial chain from mining to deep processing, including the TDK joint venture for high-performance magnets and the 8,000-ton Shengyuan NdFeB project.

Differentiator

Problem solved

Functional benefit

Products and services

• Rare Earth Sector (稀土板块)

Quantifiable outcome

• 14,000 tons/year rare earth separation capacity - largest in South China
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Lanzhou University (兰州大学)coreStrategic or Co-development Partner · 10 May 2023Strategic cooperation agreement signed May 10, 2023 focusing on rare earth industry strategic research, joint scientific research projects and achievement transformation, co-building of joint research platforms and industrialization bases, and cooperation in talent cultivation and resource sharing. Prof. Yan Chunhua (academician of Chinese Academy of Sciences, Lanzhou University president) participated in signing ceremony.
• TDK Corporation (东电化广晟稀土高新材料有限公司)coreOEM/ Whitelabel/ Licensing PartnerJoint venture with Fortune 500 TDK Corporation for high-performance sintered NdFeB magnet production. Joint venture operates as 广东东电化广晟稀土高新材料有限公司 with advanced NdFeB production technology and equipment from TDK.
• 广东省稀土行业协会minorOthersIndustry association for rare earth sector in Guangdong Province - association conducts visits and research with member companies including Fuyuan company.

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Lynas Rare Earths (LYC.AX): Australia's largest rare earth producer and the only significant non-Chinese source of separated rare earths (Mt Weld mine and Malaysian processing facility). Comparable as a publicly listed integrated rare earth miner-processor serving global markets that compete with Rising Nonferrous Metals' export channels.

Direct peers

• Shenghe Resources (盛和资源, 600392.SH): Vertically integrated rare earth miner and processor with operations across Sichuan, Shandong, and Inner Mongolia. Directly comparable as a publicly listed Chinese rare earth company with mining, separation, and trading activities — competes for similar downstream customers and policy positioning.
• Zhongke Sanhuan (中科三环, 000970.SZ): One of China's largest NdFeB magnet producers with decades of rare earth magnet expertise. Comparable as a downstream peer serving similar EV, wind, and consumer electronics customers, and competing with Rising Nonferrous Metals' Shengyuan NdFeB project for OEM contracts.
• China Northern Rare Earth (中国北方稀土, 600111.SH): China's largest light rare earth producer, controlling the Bayan Obo deposit in Inner Mongolia. Directly comparable as a state-controlled rare earth miner and separator with similar vertical integration into downstream products, making it the most relevant domestic competitor to Rising Nonferrous Metals.
• Ningbo Yunlu (宁波韵升, 600366.SH): Major Chinese NdFeB magnet manufacturer serving automotive, wind, and consumer electronics markets. Comparable as a vertically integrated rare earth-to-magnet producer with overlapping customer base in EV motors and wind turbine generators.
• JL MAG Rare-Earth (金力永磁, 300748.SZ): Major Chinese NdFeB permanent magnet producer supplying EV motors and wind turbine generators. Comparable as a downstream customer of rare earth oxides and a competing integrated magnet producer that Rising Nonferrous Metals competes with through its TDK JV and Shengyuan project.

Emerging players

• MP Materials (MP): US rare earth miner and magnet producer operating the Mountain Pass mine in California. Comparable as the leading non-Chinese rare earth producer, now also moving downstream into NdFeB magnets — a direct competitor to Rising's integrated mine-to-magnet strategy in global markets.
• Energy Fuels (UUUU): US-based critical minerals producer expanding into rare earth separation and processing. Comparable as an emerging Western peer building rare earth separation capacity that competes with Chinese producers including Rising Nonferrous Metals for Western OEM customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rising Nonferrous Metals Share